*PRACTICLY NOTHING! A buyer will pay what they feel thehome is worth to them and a seller will sell only for what they feel thehome is worth. Does it follow logic or emotion? Is it based on statisticsand data? Is it an economically driven situation? Emotion seems to bethe dominant reason a buyer buys or seller sells. Logic is lost oneveryone. Economics are always a factor.A successful transaction happens when the seller and buyer “agree todisagree”. Rarely do both feel they got the best of the other. Everyonehas to give a little and get a little-not everything they want, but most ofwhat they want.What is indisputable is that we are clearly in an improving situation forsellers with reduced inventories, historically low interest rates,moderate inflation, improving economic certainty. We continue to seethe highest affordability of homes in history when looking at theeconomics of affordability-the monthly cost vs. monthly incomes
Jim Mellen, RE/MAX Peninsula at New Town5400 Discovery Park BlvdWilliamsburg, VA 23188877-394-3636 X409757-806-6021Jim@JimMellen.com@BuyWilliamsburgBlog address :http://JimMellen.meEach RE/MAX office is independently owned and operated. The precedingcommentary and analysis are the sole views of Jim Mellen, unless I’ve convinced youI’m right, then we both can own them!